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dow jones (us30) will %45 drop if...
U
Dow Jones Industrial Average Index
Short
dow jones (us30) will %45 drop if...
By melikatrader94
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Aug 2, 2022
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Aug 2, 2022
hello guys!
us30 there is in a long term ascending channel for sure...
but let look last recession closer:
what was conditions of last recession :
1- break down last lower low
2- fake out last lower low
3- before starting a downward movement break ma(200)
4- last lower low break ma(200) too
5- after break down drop until %45
On the other hand, what are the current conditions:
1- last lower low break ma(200)
2- price is near of ma(200) so we are waiting for a break down of ma(200)...
so, we get confirmation after ma(200) break down then we can get a lot of short position for indices and us shares:
let's look at us interest rate and United States Inflation Rate charts again!
i think everything is vivide in chart. what is your opinion about us30?
If you agree with my analysis or you are happy, please hit the "like" button and "follow"!
Ascending Channel
Beyond Technical Analysis
dowjones
DROP
ma200
Parallel Channel
recession
Supply and Demand
US30
usequities
melikatrader94
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